SMM November 28 News: Shanghai spot prices continued to rise this week, with the weekly average price up 25 yuan/mt WoW. As of Friday, spot premiums for ordinary domestic brands against the 2512 contract were 140-150 yuan/mt, while premiums for the high-priced brand Shuangyan against the 2512 contract were 270-280 yuan/mt. Zinc ingot inventory decreased further during the week. Traders in the Shanghai market continued to hold prices firm. Spot premium quotes rose at the beginning of the week, but then zinc futures prices rose first and then fell. Downstream enterprises showed a strong wait-and-see sentiment, and overall market trading performance was sluggish. Traders struggled to raise spot premium quotes, which continued to maintain a fluctuating trend. Shanghai premiums are expected to remain high next week.
